£317,125
This estimated value is based upon the latest sale price for the house of £260,000 on 10 Jan 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
Price Paid | Date |
---|---|
£260,000 | 10 Jan 2020 |
£190,000 | 21 Nov 2014 |
£145,000 | 26 Apr 2013 |
£76,300 | 26 Aug 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 601 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in January 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £260,000 results in an estimated price of approximately £317,125.
10 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £260,000 | £57,125 | £317,125 |
The Postcode Pricing Model uses changes in average sales price within the RM1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | -66.761 % | £-173,577 | £86,422 |
3 Month Average | 0.634 % | £1,647 | £261,647 |
6 Month Average | 8.925 % | £23,205 | £283,205 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £191,807 | £190,000 | 5 MARWELL CLOSE |
14 Mar 2023 | £81,266 | £80,500 | FLAT 33 WEAVE COURT, 24 LOOM GROVE |
1 Feb 2023 | £104,929 | £105,000 | FLAT 31 WEAVE COURT, 24 LOOM GROVE |
20 Jan 2023 | £199,062 | £200,000 | 14 MARWELL CLOSE |
9 Jan 2023 | £293,617 | £295,000 | FLAT 3 NARBORO COURT MANOR ROAD |
This house has a floor area of 55 sq meters or 601 sq feet when measured on 17 Feb 2012. Using an estimated price of £317,126 means this house is valued at £5,673 per sq meter (£527 per sq foot).
The average size of a house on MARWELL CLOSE is 47 sq meters (512 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Marwell Close |
Jan 2024 | Anti-social behaviour | On or near Clemont Place | |
Jan 2024 | Other theft | Under investigation | On or near Clemont Place |
Jan 2024 | Anti-social behaviour | On or near Clemont Place | |
Jan 2024 | Anti-social behaviour | On or near Clemont Place |